Neo Photonics announced that it raised $10 million in an additional portion of its most recent funding round. The total investment for the round is $35 million. Investors behind the extra funding, announced last week, include CDP Capital-Technology Ventures, Rockport Capital Partners and Linkmore Capital. The group that contributed the initial $25 million in March includes Bay Partners, Venrock Associates, Institutional Venture Partners, SBV Venture Partners and Dow Corning. As a result of this financing, Bay Partners and CDP will each receive a seat on the board of directors of Neo Photonics, a Fremont, Calif.,-based company that makes components for optical telecom equipment.
NETdelivery announced Tuesday that it received a $22.8 million third round of funding. Northwestern Mutual, CDP Sofinov and First Analysis invested in this latest round, bringing NETdelivery's total funding to $40 million. The Boulder, Colo.-based company develops software to allow secure collection, distribution and management of business forms and information over the Internet, as a means to cut the amount of paper and time need to exchange the same information manually. See complete list.
Proxima Systems received $10 million toward its third round of funding, the company announced Tuesday. The Montreal-based company hopes to raise a total of $16 million by fall. Investors in this latest round included CDP Capital Communications and Fonds de solidarite FTQ. Proxima, which has raised a total of $33 million, has developed customer care and billing software for the telecommunications industry. See complete list.
VistaScape Technology, an imaging and appliance server company, has received a first round of $12 million that it will use to develop two subsidiary companies. One company will produce cameras and software for surveillance, security and imaging, while the other company will make appliance servers to store the images, as well as streaming media. Investors in Atlanta-based VistaScape include CDP Sofinov, a subsidiary of Caisse de Depot and Placement of Quebec, Canada, and other venture investors. Although VistaScape does not plan to accept further investments, the parent company intends to solicit investments for its other two operations, a spokesman said.